WILLIAM J. CLOUGH - 14 Jan 2023 Form 4 Insider Report for Orbital Infrastructure Group, Inc. (OIGBQ)

Role: Exec Chairman and Gen Counsel, Director
Signature: /s/ William J. Clough
Issuer symbol: OIGBQ
Transactions as of: 14 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 01 Feb 2023, 07:26:56 UTC
Previous filing: 17 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OIGBQ	Common Stock	Conversion of derivative security		+120,545	+16%		864,801	14 Jan 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OIGBQ	Restricted Stock Units	Conversion of derivative security		-198,755	-19%		836,255	14 Jan 2023	Common Stock	198,755		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	198,755 RSUs vested on January 14 and 78,210 were withheld for taxes.
F2	Shares were acquired upon the vesting of Restricted Stock Units.
F3	Shares convert from RSUs to common stock on a 1 for 1 basis.
F4	January 14 vesting date. RSU automatically converts to common stock - no expiration date.